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Jan 24, 2013
01/13
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MSNBCW
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, if you're a hedge fund manager or one of the high-speed traders, you're going to have to pay some tax and it's going to discourage you from making bets that distort the market. for the rest of us, i don't see a downside, ed. >> how would we make a determination? because you know they would come back and say oh, this is really going to hurt the economy. how would this hurt the economy? >> i don't see how discouraging speculation, which is almost all done with borrowed money. they effectively borrow money at a rate of 30 to 1. you put 3% down and borrow the rest of the money. i don't see how this hurts the economy. and if we reduce this volatility and reduce market distortion, we can get back to having a market focused on investments that create production in the future and wealth in the future, not creaming the market today through speculation. >> quickly, you think this is something congress could embrace? >> not probably in this congress in the house, but i think this is an idea. it's been around for 80 years. we may well see come about, ed, and hopefully we will. we need speculators
, if you're a hedge fund manager or one of the high-speed traders, you're going to have to pay some tax and it's going to discourage you from making bets that distort the market. for the rest of us, i don't see a downside, ed. >> how would we make a determination? because you know they would come back and say oh, this is really going to hurt the economy. how would this hurt the economy? >> i don't see how discouraging speculation, which is almost all done with borrowed money. they...
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Jan 24, 2013
01/13
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MSNBC
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and the president wants to increase taxes to continue the spending. >> these democrats are going to spend us right into bankruptcy. they're not serious about getting things under control and stopping the spending. >> the white house is so unserious about cutting spending. >> none of that is true. i mean, to the extent that true means attached to facts. here is spending under bush. here is spending under clinton. here is how spending has dropped under president obama. these guys were not mad about george w. bush's big spike in spending, buzz they have decided to get really mad at the guy who is fixing that, and that anger is weird enough on its own terms. it's weird enough that this republican analysis of this problem is so divorced from reality. but what today's news reminded us is it's not just the analysis that is weird, it's also the purpose of the analysis, what they are using this cockamamy backwards analysis to justify that is really deeply strange. for decades, raising the debt ceiling was something that congress has been willing to do. since the presidency of fdr, congress has rou
and the president wants to increase taxes to continue the spending. >> these democrats are going to spend us right into bankruptcy. they're not serious about getting things under control and stopping the spending. >> the white house is so unserious about cutting spending. >> none of that is true. i mean, to the extent that true means attached to facts. here is spending under bush. here is spending under clinton. here is how spending has dropped under president obama. these...
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Jan 27, 2013
01/13
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MSNBC
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the responsibility of congress is to appropriate, to tax and spend that money. that's become -- to say the job of congress is to tax as soon as i put it in that language, it's an id logical statement rather than a descriptive statement of the job of congress. >> we are seeing the same thing. the question becomes, i disagree with you a little bit. we are at 8.9% unemployment rate. i don't know if it's the job of the government to create jobs, i believe it's the job of the government to create an environment to create jobs. what does that mean? if we don't have our fiscal house in order, how is the government, excuse me, the private sector going to look at us from a responsibility? >> everyone saying stimulate now, cut back later. we did one stimulus bill, it wasn't large enough and we didn't follow it up. >> whose fault was that? >> we need to stimulate now. we are not doing any stimulus and talking about cutting back. it's what they say not to do. >> bobby jindal, who we give a hard time to on this show regularly, he said something similar to this on the rnc mee
the responsibility of congress is to appropriate, to tax and spend that money. that's become -- to say the job of congress is to tax as soon as i put it in that language, it's an id logical statement rather than a descriptive statement of the job of congress. >> we are seeing the same thing. the question becomes, i disagree with you a little bit. we are at 8.9% unemployment rate. i don't know if it's the job of the government to create jobs, i believe it's the job of the government to...
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Jan 26, 2013
01/13
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KQED
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there were a lot more taxes then i might have put in there. but they decided from the beginning they weren't going to support it. i worked very hard to try to get republicans at least a few republicans to come aboard on health care. and in the end, nobody would because they decided they would oppose it. i think he's accepted that is in a sense the starting point of where things are and so he's going to try to adopt a different approach. yes, i want to work with people who are prepared to have a sense of common ground but he's not saying, i'm going to go to the middle or bend over backwards to compromise. i mean, in the weeks after the election, he drew some very clear lines on fiscal cliff, for example. i mean he said, tax rates on wealthy individuals had have to go up. that's a firmer way of approaching these then he sometimes did in the past. >> dan, one of the things that was very different from his first speech is that this speech he didn't appear to talk to republicans. and nor did he reach out to the middle. when we talk about that it wa
there were a lot more taxes then i might have put in there. but they decided from the beginning they weren't going to support it. i worked very hard to try to get republicans at least a few republicans to come aboard on health care. and in the end, nobody would because they decided they would oppose it. i think he's accepted that is in a sense the starting point of where things are and so he's going to try to adopt a different approach. yes, i want to work with people who are prepared to have a...
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Jan 28, 2013
01/13
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KNTV
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and to undo them, democrats are demanding tax increases. and republicans are saying no way. chris: an expert on capitol hill. kelly. what do you think -- when you go around and just chat with people, do you sense that there is this cracking of ice that maybe we should have a hand in legislation and not just say no? >> i think there's less focus on what the obama politics of the moment or his legacy. and it's beginning to creep, at least with some people, about what story they will be able to tell for the next election of what they did. they recognize that the president has had a lot of capital. he will use it. but for them, and it's not -- we talked about, they're split but there are some people saying thousand can we influence things? -- saying how can we influence things? chris: why don't they start passing bills in the house on background checks? >> more willingness to move forward on immigration than anything that hags the word gun in it. chris: thank you. when we come back, scoops and predictions right from t ♪ secondhand smoke affects everyone's health. it's not just
and to undo them, democrats are demanding tax increases. and republicans are saying no way. chris: an expert on capitol hill. kelly. what do you think -- when you go around and just chat with people, do you sense that there is this cracking of ice that maybe we should have a hand in legislation and not just say no? >> i think there's less focus on what the obama politics of the moment or his legacy. and it's beginning to creep, at least with some people, about what story they will be able...
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which examines state local property and sales taxes and if you're going to look at taxes let's look at all the taxes right around the nation according to the results the poorest twenty percent of americans pay an effective tax rate of eleven point one percent middle twenty percent pay nine point four percent guess how much the top one percent pay just a measly five point six percent half the rate that the poor pay in some states around the nation like washington texas florida and south dakota which had no state income taxes the poor are paying tax rates six times higher than the top one percent. this disparity has a lot to do is states moving away from progressive income taxes and towards sales taxes which are regressive since working people spend one hundred percent of their income and are thus taxed on one hundred percent of their income the billionaires on the other hand can't possibly spend all their income no matter what so they're taxed on only part of the ring conservatives want you to believe that half the nation doesn't pay taxes and that half of the nation is called takers
which examines state local property and sales taxes and if you're going to look at taxes let's look at all the taxes right around the nation according to the results the poorest twenty percent of americans pay an effective tax rate of eleven point one percent middle twenty percent pay nine point four percent guess how much the top one percent pay just a measly five point six percent half the rate that the poor pay in some states around the nation like washington texas florida and south dakota...
SFGTV2: San Francisco Government Television
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Jan 28, 2013
01/13
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SFGTV2
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we can talk about regulation and pension and taxes and the government. a lot of that is [inaudible] a survey said housing prices are too high and that is a negative factor on recruitment. i thought, maybe we can bring the prices down. foreclosure works magic. i do not think you want that. you want rising wealth which could translate into a rising houses -- housing prices. you can increase density and breakdown similar rules, you get more people. there's a lot of things. as i drove down here from oakland cut -- oakland, i saw those cars in the ordinary lanes. one person per car. you have this one person with all this steel and plastic and oil. it is ridiculous. we're figuring out ways to do that. whether it is high speed rail or electric cars. the first will be rolling off the factory in treatments in the next few months -- in three months and in the next few months. yes, the innovative companies are small. the electric cars -- the tanks are small but so is fairchild or in tal or hewlett-packard -- intel or hewlett-packard or steve jobs. the seats we plan
we can talk about regulation and pension and taxes and the government. a lot of that is [inaudible] a survey said housing prices are too high and that is a negative factor on recruitment. i thought, maybe we can bring the prices down. foreclosure works magic. i do not think you want that. you want rising wealth which could translate into a rising houses -- housing prices. you can increase density and breakdown similar rules, you get more people. there's a lot of things. as i drove down here...
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Jan 26, 2013
01/13
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FOXNEWS
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i think we have too many taxes and i think we have too much of all of that. if we start to get rid of that, people have better clarity and a better outlook, but i will add one thing. >> kelly: real quick. >> add one thing, kelly. people need to really evaluate their own businesses because the move that they have may not match up with the actual numbers in the business and do a full analysis on your own business. >> kelly: we'll end it there, ed butowsky, so good to have you always, have a good day. >> jamie: a dangerous blast of arctic air is locking much of our country in the deep freeze. how much longer will be sub-zero temperatures left? brrr! a live report in just minutes. [ male announcer ] it's simple physics... a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis symptoms. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in motion. because just one 200mg celebrex a day can provide 24 hour r
i think we have too many taxes and i think we have too much of all of that. if we start to get rid of that, people have better clarity and a better outlook, but i will add one thing. >> kelly: real quick. >> add one thing, kelly. people need to really evaluate their own businesses because the move that they have may not match up with the actual numbers in the business and do a full analysis on your own business. >> kelly: we'll end it there, ed butowsky, so good to have you...
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Jan 26, 2013
01/13
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CSPAN
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take your money and taxes, tell you cannot worship your god. you cannot send your kids to a better school. is it fear the government tells you that you cannot run that business? is it fair that the government -- what they do without saying it -- i really think that should be a common language. the other thing is, start with a solution. we have this terrible habit of starting with a problem. it is like, everybody knows what the problems already began with a solution. start with a solution and say i have a great 3 part plan to do x. if he said, oh, my god, johnnie cannot read and joey is a thug. i am going to turn the channel. i will go back to reality tv because it is less incendiary. i also just happen to be somebody who believes that we cannot dial test and alexa, our way into prosperity -- lexicon our way into prosperity to all americans. i do not like to group them. the way i say that is, it is hard to be honest. you cannot say in seven seconds what free markets and limited government really means. it takes a little bit of explanation. at th
take your money and taxes, tell you cannot worship your god. you cannot send your kids to a better school. is it fear the government tells you that you cannot run that business? is it fair that the government -- what they do without saying it -- i really think that should be a common language. the other thing is, start with a solution. we have this terrible habit of starting with a problem. it is like, everybody knows what the problems already began with a solution. start with a solution and...
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Jan 27, 2013
01/13
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FOXNEWSW
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bigger government and more taxes. what was interesting about the speech, it was so uncompromising in the sense there was no discussion whatever about the economy. i heard nothing about the economy or nothing about debt or the fact this country is going broke, it was about expanding government. as doug said, it, in an effort to move left, the reality of the times is going to fit in but he has made his hard play. that is what it was. >>gregg: americans want the deficit to be addressed but without medicare cuts. look poll, 58 percent, no cuts. what tour make of this? >> and 89 percent of the people do not want to change anything to do with medicare. the speech that he made, i agree, it is a left wing speech but done in the context, i can get away with it. the republicans have collapsed. they are in disarray. that line, they do not make us a nation of takers, he is bringing up the 47 percent comment by romney, still a political speech, the republicans are nonexistent in this debate. they cannot counter him and offer up a
bigger government and more taxes. what was interesting about the speech, it was so uncompromising in the sense there was no discussion whatever about the economy. i heard nothing about the economy or nothing about debt or the fact this country is going broke, it was about expanding government. as doug said, it, in an effort to move left, the reality of the times is going to fit in but he has made his hard play. that is what it was. >>gregg: americans want the deficit to be addressed but...
WHUT (Howard University Television)
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40
Feb 1, 2013
02/13
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WHUT
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filibustering in the senate, feel that it's way more important to further reduce the trivial inheritance tax on the wealthiest one tenth of 1 percent than it is to address the millions of unemployed who have needs that are not being met. and of course you could pair this-- (applause) >> in different ways. we really have to take stock of the fact we're not doing justice by our education system, by our infrastructure, by our research and development, by the policies that are needed to lift up the people of this country. and no government doesn't have to do everything. of course. we understand that. but you know, the idea of declaring the wealthiest few in the country, the job creators, well, the job creators are the people who either do or do not have money to go to the stores and purchase things and to do for their families. and when they can't the economy sinks. >> rose: i want to talk about all of those, whether the digital revolution, but with washington we just had an election. >> yeah. >> rose: president obama re-elected. we see now some movement towards immigration reform. >> yeah. >> r
filibustering in the senate, feel that it's way more important to further reduce the trivial inheritance tax on the wealthiest one tenth of 1 percent than it is to address the millions of unemployed who have needs that are not being met. and of course you could pair this-- (applause) >> in different ways. we really have to take stock of the fact we're not doing justice by our education system, by our infrastructure, by our research and development, by the policies that are needed to lift...
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Feb 1, 2013
02/13
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CSPAN
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eye 89
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i will be pouring a lot into the tax coffers. that will make a difference in terms of people who are less skilled if we think we will have a safety net that has to be funded spirit take the immigration system off the table, a lifetime net tax rate is going up no matter what we do. for the baby boomers, that tax rate is in the neighborhood of the 20's. where now talking about a tax rate in the 70 +. you want to look the will make that possible impact in that fiscal terms. that is a crude way of talking about it, but in humanitarian immigrationen't any enforcement regime, we are doing something that is on sound. step one, acknowledged that in the immigration law that says a person, is not a bad person >> there were 13.6 million people who apply for diversity lotteries in 2010. those people were an understatement, because they were heads of households who had a spouse and kids. all but that number by two, three, four. think about the number of people without a high-school diploma. these are not bad people. step one, understand not o
i will be pouring a lot into the tax coffers. that will make a difference in terms of people who are less skilled if we think we will have a safety net that has to be funded spirit take the immigration system off the table, a lifetime net tax rate is going up no matter what we do. for the baby boomers, that tax rate is in the neighborhood of the 20's. where now talking about a tax rate in the 70 +. you want to look the will make that possible impact in that fiscal terms. that is a crude way of...
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Feb 1, 2013
02/13
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CSPAN
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eye 76
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people who should be paying taxes are living in the shadows. we need to make them fully contributing members for our society. our economy is denied the contribution of people who want to work hard and be productive members of the society. this has lingered unresolved for far too long. it is time to get it done, move on, and fixing our broken immigration system, and no one disagrees with that, is urgent. i support the efforts of this bipartisan group of senators. people always looking for acts of bipartisanship in this body. take a look at this. this is work that is exemplary and i commend each of them. it is an urgent priority. our nation needs a common-sense solution in a tough and smart path to citizenship for the estimated 10 million citizens in our country who are undocumented. i have been advocating these principles for years. i am pleased the bipartisan framework meets that criteria. i am encouraged to see progress and they are finding common ground. president obama has made immigration reform a top priority. it is my top priority. i am c
people who should be paying taxes are living in the shadows. we need to make them fully contributing members for our society. our economy is denied the contribution of people who want to work hard and be productive members of the society. this has lingered unresolved for far too long. it is time to get it done, move on, and fixing our broken immigration system, and no one disagrees with that, is urgent. i support the efforts of this bipartisan group of senators. people always looking for acts...
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Jan 28, 2013
01/13
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CSPAN
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eye 96
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it is accepted wisdom that he had a negative job approval on handling the economy, taxes, unemployment, spending, gas prices. we are not the only people who knew that. chicago knew that, too. they were good to do something about that. then it was, about 42%. romney has been a job creator. he has made things. he has balanced budgets. he has hired and fired people. he will take a business experience and put it to washington. a couple things wrong with that. one is, the economy by itself, romney and obama were 43 and 44% each. you need 51% or above to win. the obama people kept adding points for women, immigration, hurricane sandy. they were able to get their realization that economy may be most important,, but it is not the only thing. you only had to choose one candidate, you do not have to choose one issue. where do people who believe in free well, human reason, intelligence and your ability and have issues that are important to you. now republicans dealing with fiscal cliff and debt ceiling and sequestration -- the average family in this country lives with debt. quite a bit of that. t
it is accepted wisdom that he had a negative job approval on handling the economy, taxes, unemployment, spending, gas prices. we are not the only people who knew that. chicago knew that, too. they were good to do something about that. then it was, about 42%. romney has been a job creator. he has made things. he has balanced budgets. he has hired and fired people. he will take a business experience and put it to washington. a couple things wrong with that. one is, the economy by itself, romney...
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Jan 27, 2013
01/13
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CSPAN
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eye 99
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he said we need more taxes, and we'll be back asking for more taxes later. so as nearly as we can tell, based on what he has said, the taxes that he would lik to add to the ones he got by operation of law two and a half weeks ago is this light blue line right across here. so if the president were given all the tax increases he says at the moment he wants, that would provide this amount of revenue going out to 2040. as you can see, madam president, that doesn't do anything to lve the problem because the red here represents spending in the past and the spending escalation that will occur if we don't do anything to solve the spending problem. look at this line dramaticall going up to 2040. so as you can see, there's not enough revenue you can raise without completely shutting down the economy and solve the problem. in fact, it produces a rather static and totally insignificant amount o revenue in order to deal with the massive spending problem. so this constant demand for more and more tax increases on what i guess people assume the more successful guy down the
he said we need more taxes, and we'll be back asking for more taxes later. so as nearly as we can tell, based on what he has said, the taxes that he would lik to add to the ones he got by operation of law two and a half weeks ago is this light blue line right across here. so if the president were given all the tax increases he says at the moment he wants, that would provide this amount of revenue going out to 2040. as you can see, madam president, that doesn't do anything to lve the problem...
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Jan 26, 2013
01/13
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CNBC
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we've raised taxes by $200 billion a year. the reason that u.s. stocks are up 5% after this horrible thing we've done to our selves that under norm circumstances would cause a recession is because we're in a global economy and every other major country in the world is doing the right thing while we're doing the wrong thing. that's propping us up. we're fine, we'll have a great year. these other countries doing things right, that aren't kicking the can down the road, they're going to have fabulous years. that's where you want to put your money, my friend. >> i was reporting in 2007 when we hit dow 14,000 and everyone got slammed on that. there's a hesitance at these levels. what's not getting talked about enough is the impact on consumer sentiment. if you go to any coffee shop, grocery store, anywhere in this country, people are looking at their 401(k), they feel better and i think that will translate into positive consumer spending, which filters into the whole economy. >> the retail investors is getting involved. the money flows are ramping up tr
we've raised taxes by $200 billion a year. the reason that u.s. stocks are up 5% after this horrible thing we've done to our selves that under norm circumstances would cause a recession is because we're in a global economy and every other major country in the world is doing the right thing while we're doing the wrong thing. that's propping us up. we're fine, we'll have a great year. these other countries doing things right, that aren't kicking the can down the road, they're going to have...
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Jan 29, 2013
01/13
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CSPAN2
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eye 123
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well, we can't just get to this problem by dealing with tax increases. this seems to be the preferred method of dealing with our deficits and debt, by raising taxes, which of course happened as a result of the fiscal cliff negotiations where taxes have gone up on americans roughly $60 billion a year, almost $600 billion over the next ten years. but the president's budgets nevertheless continue to ask for more revenue, but the message from this side of the aisle has been the president has gotten his pound of flesh on taxes. now it's time to deal with spending. unfortunately, we no longer have the luxury of delaying our toughest fiscal decisions. our gross national debt is now larger than our entire economy and we're now facing more than $100 trillion in unfunded liabilities for things like medicare and social security, promises we won't be able to keep unless we act now to put them on a fiscally sustainable path. i'm glad that our house colleagues have passed the no budget, no pay bill. i think most americans appreciate the fact that if congress doesn't d
well, we can't just get to this problem by dealing with tax increases. this seems to be the preferred method of dealing with our deficits and debt, by raising taxes, which of course happened as a result of the fiscal cliff negotiations where taxes have gone up on americans roughly $60 billion a year, almost $600 billion over the next ten years. but the president's budgets nevertheless continue to ask for more revenue, but the message from this side of the aisle has been the president has gotten...
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Jan 29, 2013
01/13
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WUSA
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. >>> and here comes the tax manual. the i.r.s. will accept 2012 tax returns starting tomorrow. that's eight days later than the agency had originally planned. the tax filing deadline got pushed back due to some changes that congress made to the tax laws to avoid the fiscal cliff. >>> also, you may want to swap out your credit card for a debit card the next time you pay for a purchase. here's why. retailers can now charge customers up to 3% more when they swipe their credit card at the checkout. these fees are all part of a settlement from the 2005 lawsuit between visa, mastercard and nine banks. ten states passed a law that bans this checkout fee. some retailers, though, are saying they're not automatically going to apply this so it's probably a good idea to check before you swipe the next time. >> you don't find out unless you go through a fine tooth comb on your account. >>> it's 4:42. less than a week ago, we had temperatures in the teens overnight. soon it's going to feel a lot more like april around here. howard is up next to tell us why. >> a consumer alert for ravens fan
. >>> and here comes the tax manual. the i.r.s. will accept 2012 tax returns starting tomorrow. that's eight days later than the agency had originally planned. the tax filing deadline got pushed back due to some changes that congress made to the tax laws to avoid the fiscal cliff. >>> also, you may want to swap out your credit card for a debit card the next time you pay for a purchase. here's why. retailers can now charge customers up to 3% more when they swipe their credit...
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by trickle down economics or the sort of economics that says if you give a bunch you're rich people tax cuts and all that extra money they keep will eventually trickle down on to the rest of us and it will do more than just create a nation of it's after thirty years of trickle down economics we know what really happens here go down economics just makes us a nation of peons of peons working for a minimum wage is lost half its value since the nine hundred sixty s. if christie and the rest of the conservative movement would step out of the bubble and they'd see that giving more money to working people actually does help the economy a new jersey policy perspective analyzed the economic economic impact in new jersey of raising the minimum wage and found it would lead to an economic boom it would mean four hundred thirty nine million more dollars in the hands of working people in that state that would increase economic activity by two hundred seventy eight million dollars in the first year an equivalent of two thousand four hundred twenty new full time jobs would be. created all this from rai
by trickle down economics or the sort of economics that says if you give a bunch you're rich people tax cuts and all that extra money they keep will eventually trickle down on to the rest of us and it will do more than just create a nation of it's after thirty years of trickle down economics we know what really happens here go down economics just makes us a nation of peons of peons working for a minimum wage is lost half its value since the nine hundred sixty s. if christie and the rest of the...
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Jan 26, 2013
01/13
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MSNBC
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he ruled out tax increases. house republicans don't want to cut defense spending, in fact, in the romney campaign they wanted to raise it quite a bit. in theory, you shouldn't cut medicare for anybody retiring in the next ten years, so you can't get cuts there if you stick to that. the whole budget, it is only about a trillion and a half dollars. that is all of our spending on the poor and education, and skills training and research, everything else we're doing, it is about a trillion and a half. and ryan needs $800 billion. is ryan really going to cut all that by half, by more than half? that would be the most unpopular budget in history, it would be a disaster. or would the republican party change their promises and cut into medicaid or social security in the next ten years? this is what they have backed themselves into, these choices. there is a reason why ryan, who is really a conservative guy, who is trying to create a budget, that was a genuinely conservative guy, if you're not raising taxes you can't do i
he ruled out tax increases. house republicans don't want to cut defense spending, in fact, in the romney campaign they wanted to raise it quite a bit. in theory, you shouldn't cut medicare for anybody retiring in the next ten years, so you can't get cuts there if you stick to that. the whole budget, it is only about a trillion and a half dollars. that is all of our spending on the poor and education, and skills training and research, everything else we're doing, it is about a trillion and a...
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that tax the securities transaction exchange rice tax. ok i'm reading an article right now from the l.a. times eleven european countries have received the green light tuesday to plan a financial transaction tax that could generate billions of dollars in revenue for cash strapped go for government on the on the order of fifty billion dollars you're absolutely right richard thanks for calling and bringing that up and not only will that raise revenue but as they pointed out you can read in that l a times or any other article big government thinks that this is also going to diminish risky behavior by banks toure's that's it for your take my take alive thanks for all your calls and if we didn't get your calls tonight try is back next week. coming up all across america republicans are working to hard to corrupt our democracy and to rig the twenty sixteen election how could reforming the american voting process help to put integrity back into our democracy. let me let me i want to wouldn't let me ask you a question from. here on this network is
that tax the securities transaction exchange rice tax. ok i'm reading an article right now from the l.a. times eleven european countries have received the green light tuesday to plan a financial transaction tax that could generate billions of dollars in revenue for cash strapped go for government on the on the order of fifty billion dollars you're absolutely right richard thanks for calling and bringing that up and not only will that raise revenue but as they pointed out you can read in that l...
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Jan 29, 2013
01/13
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CSPAN2
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so let's not waste time with more pointless argument argument tax increases. we had that debate already. it's done, it's oamplet i call on democrats to approach it seriously and do it with order. we have to break this putting off all important work until the final hour. tweendz get back to regular order and that takes time. & that's why we need to get started right now. let the tough work of developing a budget and putting together a long-term policy to control government spending begin today not one minute or one hour before we come up against a deadline, but today. americans deserve better than what they've been getting from washington the past few years. democrats were reelected and i congratulate them. it's time mao to ge now to get s about actually governing. mr. president, i suggest the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: quorum call: quorum call: quorum call: mr. sessions: mr. president? the presiding officer: the senator from alabama. mr. sessions: mr. president, i ask that the quorum call be dispensed
so let's not waste time with more pointless argument argument tax increases. we had that debate already. it's done, it's oamplet i call on democrats to approach it seriously and do it with order. we have to break this putting off all important work until the final hour. tweendz get back to regular order and that takes time. & that's why we need to get started right now. let the tough work of developing a budget and putting together a long-term policy to control government spending begin...
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and you're saying taxing education is shared only d.p. there well if you want it as a share of per capita basis that's different ways to look at it you can look at it on a per capita basis and you will see that actually during the obama administration spending as a percentage of per capita basis gone down nine percent and obama came into office it went up consistently during both the bush and having served on the defense subcommittee of appropriations i realize that i'm in charge such as that people will only use basic defense spending they may or may not include the cost of this is what it would be so i understand what portion of it would be my point is is just . is that we're not doing enough on defense spending i'm going to agree with you right now now my point is i thought our levels of spending right now are not that different than they were in one nine hundred fifty and our level of taxation is radically lower than one hundred fifty nine hundred sixty nine hundred seventy the top tax rate was ninety one percent corporations are payi
and you're saying taxing education is shared only d.p. there well if you want it as a share of per capita basis that's different ways to look at it you can look at it on a per capita basis and you will see that actually during the obama administration spending as a percentage of per capita basis gone down nine percent and obama came into office it went up consistently during both the bush and having served on the defense subcommittee of appropriations i realize that i'm in charge such as that...
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which examines state local property and sales taxes and if you're going to look at taxes let's look at all the taxes right around the nation according to the results the poorest twenty percent of americans pay an effective tax rate of eleven point one percent middle twenty percent pay nine point four percent guess how much the top one percent pay just a measly five point six percent half the rate that the poor pay in some states around the nation like washington texas florida and south dakota which had no state income taxes the poor are paying tax rates six times higher than the top one percent this disparity has a lot to do is states moving away from progressive income taxes and towards sales taxes which are regressive since working people spend one hundred percent of their income and are those tax on one hundred percent of their income the billionaires on the other hand can't possibly spend all their income no matter what so they're taxed on only part of the ring conservatives want you to believe that half the nation doesn't pay taxes and that half of the nation is called takers b
which examines state local property and sales taxes and if you're going to look at taxes let's look at all the taxes right around the nation according to the results the poorest twenty percent of americans pay an effective tax rate of eleven point one percent middle twenty percent pay nine point four percent guess how much the top one percent pay just a measly five point six percent half the rate that the poor pay in some states around the nation like washington texas florida and south dakota...
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and then you have conservatives arguing for lowering taxes since we passed corporate tax rate in the world on the rationale for why that works. why from an economic standpoint that produces more prosperity, how it works under ronald reagan, how jack kennedy did it, which you don't hear the same argument coming from this administration. they can't argue the facts because the facts do not back them out. they also can't come forward and have an honest discussion about what their objectives are. for us conservatives will argue our objective is to elevate everybody by increasing prosperity, by unleashing the private sector from overbearing government regulation so everybody can prosper. we believe there's an unlimited ability for prosperity. the left believes it's a fixed amount and everybody gets a slice. that's not how we see things. you don't hear the laughter ticket waiting a response to that discussion because what obama wants to do is force redistribution. if you are honest about that, his goals of not just equalize the number one, they're putting them down because that's what happe
and then you have conservatives arguing for lowering taxes since we passed corporate tax rate in the world on the rationale for why that works. why from an economic standpoint that produces more prosperity, how it works under ronald reagan, how jack kennedy did it, which you don't hear the same argument coming from this administration. they can't argue the facts because the facts do not back them out. they also can't come forward and have an honest discussion about what their objectives are....